Get Pre-Approved For A Loan
Generally, it is recommended that you get pre-qualified for a loan before you start viewing homes with the serious intention of buying. The pre-approval process involves meeting with a lender and authorizing
them to examine your current financial situation and credit history. On the basis of this examination the lender will provide you with a document that details how much you can borrow to buy a home.
The benefits of pre-qualification include:
• You’ll have information about what you can afford and be able to plan accordingly
• As a qualified, motivated buyer you’ll be taken more seriously when you make an offer on a home
• Lenders can tell you whether you qualify for any special programs that will enable you to afford a better home (particularly if you’re a first-time buyer)
Real estate financing is available from many sources, and an experienced REALTOR® will be able to suggest lenders with a history of offering excellent mortgage products and services. For more information about the benefits of pre-approval and the loan process in general, see our extensive blog on The loan process – financing your home purchase.
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Your Agent In Real Estate - Sonoma County - Petaluma, CA 94952
About Me
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- Sonoma/Napa, Ca, United States
- Born and raised in the San Francisco North Bay region, and now, for over a decade, Bukka has been studying and investing personally in real estate, as well as being a practicing Realtor in the San Francisco North Bay. Bukka is a member of the National Association of Realtors, the Califoria Association of Realtors, and the North Bay Association of Realtors. These associations have a higher standard of ethics so you can know you are in good hands. You can contact Bukka on this site or from the AgentLevy.com web site. Bukka is, of course, writing this in the third person and feels a little silly doing so but is told this is how it is done.